Shares of the French company are declining today, hurt by lower oil futures
France's oil major Total SA opened at $77.38 on Thursday, hovering between $77.05 and $77.76 during the session.
Total shares are now trading at $76.96, down 1.26%, to $0.98.
The shares of the French company are declining today, hurt by lower oil futures. Technical indicators for Total bearish and steady, while S&P gives the stock a bullish 4 Stars (out of 5) Buy rating.
After hitting a one-year low of $67.11 in January, the stock hit a one-year high of $91.34 in May. Total hasn't been above 90 since May.
For a hedged play on this stock, consider a November bear-call spread above the $90 range. The stock could rise up to 16.9% and this trade would still be profitable.